Huntington Bancshares (NASDAQ:HBAN) Stock Price Target Cut by Robert W. Baird

Key Points

• Robert W. Baird cut Huntington Bancshares’ price target from $21 to $19 while maintaining an “outperform” rating, implying roughly 21% upside from the prior close.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $19.10, despite several firms recently lowering their targets.
• Huntington’s latest quarterly earnings matched expectations at $0.38 per share, but revenue slightly missed forecasts and declined sequentially; investors remain concerned about expenses, credit quality and a reduced outlook.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its target price dropped by equities researchers at Robert W. Baird from $21.00 to $19.00 in a report released on Friday, Benzinga reports. The firm presently has an "outperform" rating on the bank's stock. Robert W. Baird's price target suggests a potential upside of 21.33% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Huntington Bancshares from a "hold" rating to a "strong sell" rating in a research note on Monday, October 5th. JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $19.50 to $17.50 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Wells Fargo & Company cut their price objective on shares of Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, September 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Huntington Bancshares in a research note on Friday, October 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Huntington Bancshares from $19.50 to $18.00 and set a "market perform" rating on the stock in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $19.10.

Huntington Bancshares Trading Down 0.4%

Shares of Huntington Bancshares stock opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a 50-day moving average of $16.16 and a 200-day moving average of $16.66. Huntington Bancshares has a 52-week low of $14.82 and a 52-week high of $19.45. The stock has a market cap of $31.64 billion, a PE ratio of 12.14, a PEG ratio of 1.00 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, sell-side analysts forecast that Huntington Bancshares will post 1.54 EPS for the current year.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall Kowalski sold 27,971 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider directly owned 70,025 shares of the company's stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. increased its holdings in Huntington Bancshares by 90.7% in the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank's stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Trust Co. of Vermont bought a new stake in Huntington Bancshares in the second quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in shares of Huntington Bancshares during the second quarter valued at about $31,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Huntington Bancshares by 80.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank's stock valued at $35,000 after purchasing an additional 994 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter worth about $35,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Huntington Bancshares

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Third-quarter adjusted earnings of $0.38 per share matched the consensus estimate. Net interest income increased 1% sequentially to $2.069 billion, while net interest margin expanded to 3.25% from 3.21%, supported by higher fee income and improved spread income. Huntington Q3 Earnings Match Estimates as NII & Fee Income Rise Y/Y
• Positive Sentiment: The board maintained the quarterly common dividend at $0.155 per share, equivalent to $0.62 annually and an indicated yield of about 4.0%. Huntington also repurchased $100 million of common stock during the quarter, bringing year-to-date buybacks to $409 million. Huntington Bancshares Maintains Quarterly Common Dividend Payout
• Neutral Sentiment: Deposits rose 0.2% sequentially to $223.8 billion and the CET1 capital ratio was a solid 10.1%, although average loans and leases declined 0.4% to $188.4 billion. Preferred stock dividends were also declared, preserving income distributions across Huntington’s capital securities. Huntington preferred dividend announcement
• Negative Sentiment: Revenue of $2.791 billion missed the $2.82 billion estimate and fell from $2.837 billion in the prior quarter. GAAP net income declined sequentially to $721 million, while noninterest income dropped 8% and expenses, credit costs and worsening credit quality remain investor concerns. Huntington Reports Third-Quarter Revenue and EPS
• Negative Sentiment: Investors reacted negatively to the sequential earnings decline and reduced 2026 outlook, which suggest that rising expenses and weaker credit trends may limit near-term earnings growth despite the bank’s stronger net interest income. Huntington Bancshares falls on sequential decline in Q3 earnings and reduced guidance

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company's offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.

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